Arizona Proposition 200, Payday Loan Regulations Initiative (2008)
| Arizona Proposition 200 | |
|---|---|
|
|
|
| Election date |
|
| Topic Banking policy and Business regulations |
|
| Status |
|
| Type Initiated state statute |
Origin |
Arizona Proposition 200 was on the ballot as an initiated state statute in Arizona on November 4, 2008. It was defeated.
A "yes" vote supported continuing indefinitely the payday loan licensing program. |
A "no" vote opposed continuing indefinitely the payday loan licensing program. |
Election results
|
Arizona Proposition 200 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 860,607 | 40.36% | ||
|
|
1,271,717 | 59.64% | ||
Text of measure
Ballot title
The ballot title for Proposition 200 was as follows:
| “ | PAYDAY LOAN REFORM ACT | ” |
Ballot summary
The ballot summary for this measure was:
| “ | EXTENDS PAYDAY LICENSING PROGRAM INDEFINITELY; ALLOWS ELECTRONIC DEBIT AGREEMENTS; PROHIBITS SERVICES OVER 35 DAYS; REQUIRES ENGLISH OR SPANISH AGREEMENTS; PROHIBITS CERTAIN FEES; REQUIRES PAYMENT PLAN IF REQUESTTED; PROHIBITS ARRANGEMENTS WITH CUSTOMER HAVING OUTSTANDING REPAYMENT PLANS; ALLOWS LICENSEE TO MAKE OTHER LOANS; REQUIRES LICENSEE TO MAINTAIN MINIMUM AND MAXIMUM NET WORTH. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In Arizona, the number of signatures required for an initiated state statute is equal to 10 percent of the votes cast at the preceding gubernatorial election.
See also
External links
Footnotes
 |
State of Arizona Phoenix (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
